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Hochtief tweaks FY outlook as Q3 new orders rise

Thu Nov 12, 2009 1:12am EST

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FRANKFURT, Nov 12 (Reuters) - Hochtief (HOTG.DE) reported a slight increase in third-quarter new orders that beat analysts' expectations and Germany's biggest construction company partially lifted its full-year outlook.

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Hochtief now expects its full-year order backlog to be above last year's level, while still expecting new orders and group sales to come in below 2008's results. It still saw its pretax earnings and net profit flat at last year's level.

Third-quarter new orders rose 0.6 percent to 7.2 billion euros ($10.79 billion), beating the average estimate of 5.8 billion euros in a Reuters poll of analysts . (Reporting by Eva Kuehnen, Editing by Michael Shields)

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